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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Umunhum who wrote (36299)7/19/2005 3:32:32 PM
From: mishedlo  Read Replies (3) of 110194
 
Have you looked at Oil prices, Copper prices, Coal prices, Uranium prices, etc. lately?

Have you look at how little impact that has had on prices of finished goods?

There is a glut in output, productivity changes, and NO wage growth.

Asset prices are rising but do you doubt they will burst?
With it so will the demand for copper steel ect. Steel has already fallen like a rock.

How come no one can look ahead?
You look at the current UNSUSTAINABLE path, realize it is unsustainable, yet project commodity prices out into the future as if it is sustainable.

Oil is a special case because of peak oil concerns, but a $20 haircut from these levels would not surprise me a bit. Nor would $80 oil either although I think we see 42 before we see 80.

Hardly anyone understands the deflationary affects of a housing bust. I probably underestimate them if anything.

Mish
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